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From early 2027, firms above certain turnover and client money thresholds won’t be able to let the person controlling the firm’s decisions also act as COLP or COFA.
The SRA publishes detailed guidance this autumn. Firms that map their governance and test themselves against the thresholds now will use that guidance to confirm a plan. Firms that wait will be doing the same work with far less time.
Our team of experts have put together a free guide that explores:
- Who’s actually caught by the rules (the word “unilaterally” matters more than you’d think)
- The two thresholds – £600,000 turnover or £2 million in client money
- Three routes to compliance, and how to choose between them
- A practical checklist to complete before the autumn guidance lands.
